Carpenter Technology Corp (CRS, Financial) witnessed a significant stock price increase of 5.12%, reaching $163.44 per share with a trading volume of 362,140 shares and a turnover rate of 0.73%. The stock exhibited a price fluctuation amplitude of 3.46%.
Recent financial reports reveal the company's robust performance, highlighting a revenue of $718 million and a net profit of $84.7 million. The earnings per share stand at $1.69 with a gross profit of $178 million, leading to a price-to-earnings ratio of 36.26.
Regarding analyst ratings, out of seven institutions, 71% have issued buy recommendations for CRS, while 14% suggest holding, and 15% recommend selling.
Within the metal products industry, where Carpenter Technology operates, the overall sector increase is 2.47%. Other notable gainers in this sector include Composecure Inc and Ryerson Holding Corporation. Stocks like Safe & Green Holdings Corp. showed high turnover rates, while Safe & Green Holdings Corp., Gulf Island Fabrication, and Maanshan Iron & Steel exhibited considerable price swings.
Carpenter Technology specializes in manufacturing specialty metals for various end markets, including aerospace, defense, industrial machinery, durable goods, medical, and energy sectors. The company generates most of its revenue from its specialty alloys segment, which involves operations primarily in Pennsylvania, South Carolina, and Alabama. Geographically, the majority of its income comes from the United States, with additional earnings from Europe, Asia-Pacific, Mexico, Canada, and other regions.
